6 Things To Know About The Roth IRA
Episode description
Roth accounts are one of the best ways to create tax-free money and generational wealth. They also offer some truly unique benefits when it comes to saving for retirement. In this video, Peter with Richon Planning and Erin Kennedy lay out 6 things you need to know about the Roth IRA:
1. Roth IRA Contributions Are Not Tax-Deductible But Grow Tax-Free
2. You Can Withdraw Roth IRA Contributions Out at Any Time
3. There’s No Age Limit For Contributions
4. There Aren’t Any Required Minimum Distributions
5. Annual Contribution Limits Are Fairly Low
6. There is an Income Cap
We are currently living in a historically low tax rate. Now is the time to consider contributing to a Roth, or possibly even converting some of your tax-deferred dollars into tax-free dollars. To crunch the numbers with Peter, please call (919) 300-5886 or visit www.RichonPlanning.com